WASHINGTON-- Appearing before a House panel on Thursday, Treasury Secretary Tim Geithner made his best pitch for legislation granting the White House broad new powers to seize Wall Street firms when their collapse might torpedo others in the industry. It didn’t go so well.

If you haven’t been under a rock lately, you know that the Bush Administration is proposing a $700 billion bailout for Wall Street. What you might not know is that there have been 258 parties this year alone for members of the House Financial Services Committee — the very folks who are making crucial decisions about this legislation — a number of them hosted by lobbyists for the finance, insurance, and real estate industries.

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The Colorado Independent's award-winning team of veteran investigative and explanatory reporters and news columnists aims to amplify the voices of Coloradans whose stories are unheard, shine light on the relationships between people, power and policy, and hold public officials to account. We strive to report the news with context, social conscience, and soul, and to give Coloradans the insight they need to promote conversation, understanding and progress in this square, swing state we call home.

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OUR MISSION

The Colorado Independent's award-winning team of veteran investigative and explanatory reporters and news columnists aims to amplify the voices of Coloradans whose stories are unheard, shine light on the relationships between people, power and policy, and hold public officials to account. We strive to report the news with context, social conscience, and soul, and to give Coloradans the insight they need to promote conversation, understanding and progress in this square, swing state we call home.